TTS Group ASA

New contracts for offshore cranes and side-loading systems

TTS Group ASA has signed two new contracts, one contract for a side-loading system and one contract for two offshore cranes.

The total value of the orders is approximately MNOK 46. The side-loading system regards installation on board a fishing vessel, and expected delivery is first half of 2019. The two offshore cranes are expected to be delivered to a European shipyard in December 2019.

- We take great pride in being selected as the preferred vendor for high-end offshore cranes, says Senior Vice President Sales, Lars Djupevåg in TTS Offshore Solutions, a subsidiary of TTS Group.

- The offshore market is still weak with hardly any newbuilding projects. However, the large players in the market are slowly starting to proceed with complex projects that have bespoke lifting and handling requirements. Our versatile and modularised standard range of offshore cranes is well suited for these projects, as they are cost efficient even when engineered to order - or configured to order as we prefer to call them, says Djupevåg.